Media-streaming technology developer Roku (NASDAQ: ROKU) had quite a year in 2020. Share prices soared 148% higher, driven by a steady beat of strong financial reports. In November's third-quarter update, the bottom line swung to a profit, while revenues rose 68% year over year. The entertainment industry was changed forever last year, and Roku is one of the best bets on the new era. Here's why you should buy Roku shares hand over fist right now and hold them for at least five years.
Image source: Getty Images.
Roku's business plan is quite ambitious. Here's how the investor FAQ describes what the company does:
Source Fool.com